If you are a fashion enthusiast, you must have heard of the iconic fashion brand Gucci. It is one of the most popular luxury fashion brands in the world that is known for its exquisite designs and high-quality products.
However, there has always been confusion among people about who owns the brand. In this article, we will clear all your doubts and answer the question – Is Gucci owned by Tom Ford?
Firstly, let’s understand a little bit about the history of Gucci. The brand was founded in 1921 by Italian businessman Guccio Gucci.
It started as a small leather goods and luggage store in Florence, Italy. Over the years, it expanded its product line to include clothing, shoes, accessories, and more. Today, Gucci is known for its iconic designs that are recognized worldwide.
Now coming to the question – Is Gucci owned by Tom Ford? The answer is NO. While Tom Ford did play a significant role in reviving the brand during his tenure as Creative Director from 1994 to 2004, he never owned it.
Tom Ford joined Gucci in 1990 as Creative Director for Women’s Wear and later became Creative Director for all product lines. He was responsible for bringing back the glamour and sophistication that had been lost over time. Under his leadership, Gucci became one of the most profitable luxury brands in the world.
However, in 2004 Tom Ford left Gucci to start his own fashion label named after himself – TOM FORD. After his departure from Gucci, several other designers took over but none could replicate his success.
Currently, Gucci is owned by French luxury conglomerate Kering SA (formerly known as PPR). Kering acquired a majority stake (around 99%) in Gucci in 2004 when it bought out other shareholders including Investcorp and Alexander McQueen’s estate.
In conclusion, while Tom Ford did play a significant role in the success of Gucci, he never owned the brand. Gucci is currently owned by Kering SA, a French luxury conglomerate.
We hope this article has cleared all your doubts about the ownership of Gucci. Stay tuned for more interesting articles about fashion and style.
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